Currently, letters of credit are issued by telex, so there is basically no time difference in terms of the time it takes for the issuance of the letter of credit and the arrival of the telex signal at the advising bank, that is, the issuance and arrival of the letter of credit are almost at the same time. of.

Of course, after the applicant submits the issuance application to the issuing bank and it is reviewed and approved by the issuing bank, the letter of credit can be issued. The letter of credit reaches the advising bank through the telex system and is produced by the advising bank. It will take a while to process the text and issue the notification of arrival, but the entire process should not take more than three days. If a credit reference says it has been issued but has not arrived for more than a week, there may be a problem, or the buyer has not submitted an application to the bank at all, or the advising bank is not in the same city as you.